Consider a call option written on €100,000. The exercise price is $1.36 = €1.00 and the option premium is $0.02 per euro. At expiration the buyer of this call option will break even if the spot rate equals:
a.$1.00 = €.7353
b.$1.34 = €1.00
c.$1.00 = €1.00
d.$1.38 = €1.00